For Wilbur Tate III, a former officer of U.S. Bank in Ohio, the bribes started with expensive cigars. Then, he received cigar boxes that were stuffed with money. Now, Tate has pleaded guilty to receiving bribes while he was employed at the bank.
Tate “admitted to taking $24,000 in kickbacks...

It was not all that difficult to begin our countdown of the Top 10 in Financial Fraud Law for the year with overseas bank accounts . So, we here at the Financial Fraud Law Blog thought, after we made that decision, that at least the next few “winners” would be rather straightforward choices...

One hundred and six people have been charged with participating in a massive financial fraud against the federal Social Security Disability Insurance Benefits (“SSDI”) program that allegedly resulted in the loss of hundreds of millions of dollars from federal taxpayers.
The four principal...

Two former chief executive officers of PetroTiger Ltd. – a British Virgin Islands oil and gas company with operations in Colombia and offices in New Jersey – have been charged for their alleged participation in a scheme to pay bribes to foreign government officials in violation of the Foreign...

Alcoa World Alumina LLC, a majority-owned and controlled global alumina sales company of Alcoa Inc., has agreed to plead guilty and to pay $223 million in criminal fines and forfeiture to resolve charges that it paid millions of dollars in bribes through an international middleman in London to officials...

A federal grand today has returned a 14-count indictment against former Virginia Governor Robert F. McDonnell and former First Lady Maureen G. McDonnell for allegedly participating in a scheme to violate federal public corruption laws.
The indictment, returned in the Eastern District of Virginia,...

Three Georgia men have been charged in a 51-count indictment for their alleged participation in fraud and corruption schemes at the Marine Corps Logistics Base (MCLB) in Albany, Georgia. Federal prosecutors assert that the U.S. government lost millions of dollars as a result.
Christopher Whitman,...

Close relatives of China’s top leaders have secret offshore companies in tax havens that help shroud the Communist elite’s wealth, according to the International Consortium of Investigative Journalists. The group said it based its findings on a leaked cache of documents.
According to the...

The U.S. government has filed a complaint against Kellogg, Brown & Root Services Inc. (KBR) and Kuwaiti companies La Nouvelle General Trading & Contracting Co. and First Kuwaiti Trading Co. for allegedly submitting false claims in connection with KBR’s contract with the Army to provide...

Four current and former employees of International Adoption Guides Inc. (IAG), an adoption services provider, have been indicted by a grand jury in South Carolina for allegedly conspiring to defraud the United States in connection with IAG’s adoption services in Ethiopia. IAG is a South Carolina...

Alex Wisidagama, a former executive with Glenn Defense Marine Asia (GDMA), has pleaded guilty to participating in a scheme to defraud the United States, admitting that he and others duped the U.S. Navy into overpaying by at least $20 million for supplies and services to American ships in Asian ports...